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Grease Monkey | Excel Car Wash

115 East Gibson Street, Jasper, TX 75951

$2,343,774

Cap Rate 6.50%

Views: 21 DOM: 26 Updated: 08.21.24 Posted: 08.21.24 Status: Active 08.21.24

Summary

Price $2,343,774
Built/Renov 2018
Tenant Grease Monkey | Excel Car Wash
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,396
Lease Start 10-05-2018
#Units 494
Price/SF $434.35
Expiration 10-31-2033
Tenant Type Automotive
NOI $152,345
R. Term 9.1
Ownership Fee Simple
Rent/SF $28.23
Increases 10.0%/5/yrs
Pop 5Mi 9,616
Lot/AC 0.73
Options 4/5yrs/10%
AHHI 5Mi $67,777

Keith Sturm
Upland Real Estate Group, Inc.
Contact

Amanda Leathers
Upland Real Estate Group, Inc.
Contact

Deb Vannelli
Upland Real Estate Group, Inc.
Contact

Lease Highlights

  • Grease Monkey | Excel Car Wash has 9+ years of primary term remaining with 4 (5-year) options to extend
  • The lease features 10% rent increases every 5 years
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Grease Monkey is strategically located along Highway 190 ( East Gibson Street) with access to 18,464 vehicles per day. The site benefits from its location along a dense retail corridor with neighboring national/credit tenants including McDonalds, Burger King, Walgreens, Dollar Tree, AutoZone and many others. The 5-mile trade area is supported by 9,616 residents earning an average annual income...

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Key Features

  • Build to suit

  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Highway location

  • Income tax free state

  • Long operation history

  • Absolute NNN

  • Corporate Guarantee

    • ...

Links

Grease Monkey | Excel Car Wash Wikipedia Grease Monkey Wikipedia Jasper, Texas Zip Code 75951 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Grease Monkey International Inc., dba Grease Monkey, is the nation’s largest independent franchisor of automotive oil change centers. The company offers full-service oil changes, preventive...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,592 7,755 9,475
2023 Total Population : 2,617 7,848 9,616
2023 Employed Civilian Pop : 1,042 3,275 3,987
2023 Total Businesses : 440 632 673
2023 Average Household Income : $ 50,464 $ 61,117 $ 67,777
2023 Total Consumer Spending : $ 45 M $ 168 M $ 227 M
2023 Median Age : 33 38 39
2023 Total Households : 1,011 3,121 3,792
2023 Pop Age 25+: Bachelor's Degree : 108 619 751
2023 Average Home Value : $ 115,281 $ 155,907 $ 161,520
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Bowie St Nelson St 2011 540 0.16 mi
E Gibson St S Wheeler St 2013 17,760 0.19 mi
E Gibson St 2021 18,299 0.21 mi
South Wheeler Street Mays St 2021 20,830 0.24 mi
Nelson St S Wheeler St 2011 550 0.27 mi
S Wheeler St State St 2013 14,267 0.28 mi
Graham St 2021 10,390 0.30 mi
Curtis Caldwell St 2011 960 0.42 mi
Bulldog Ave S Wheeler St 2011 2,490 0.62 mi
Kyle Dr E Gibson St 2011 20 0.63 mi

Listing Broker

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